CE's Comment On Lawmakers Not Fair, Says Regina Ip
"); jQuery("#212 h3").html("

"); });
2019-01-17 HKT 18:50
Executive councillor Regina Ip said on Thursday that she can't agree with Chief Executive Carrie Lam's comment that it was lawmakers who approved changes to CSSA eligibility.
During her recent question and answer session in Legco, Lam told lawmakers she was shocked to hear that they opposed the plan, saying it was they who voted for the budget bill which contained the change.
Ip, who is also a lawmaker, said there was no formal consultation or a vote on the particular issue. "So that comment is not entirely fair," she said.
Speaking to reporters after attending a seminar, Ip said the pro-establishment camp had come under a lot of pressure since Lam made the comment.
She said if Lam really wanted to improve her relationship with lawmakers, the first thing she should do is to rebuild the trust between the pro-establishment camp and her administration.
Ip said she was also very disappointed with Welfare Secretary Law Chi-kwong's comment that there is no room for change, after Legco passed a non-binding motion asking the government to reconsider the CSSA rule alterations.
"I was really dismayed by secretary Law Chi-kwong's comment," she said. "I think it is most unfair to us and to the elderly people affected by it."
Ip said there is still a fortnight before the changes take place and they will try hard to stop them.
OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers
OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more
Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push
Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more
Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails
Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more
Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion
Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more
Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises
Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more
Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability
Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more
